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Rates About To Fall -- Don't Tell Me Navyfed Option Will Be The Best?!

denki
  |     |   159 posts since 2019

Well, it does seem now that the Fed is more than ever likely to cut interest rates shortly.

Not that any timing for this would be good for savers, but couldn't be worse timing, as those nice 12 and 15 month specials from 2023 will mature before the end of the year.

Yes Loving, I do ladder somewhat and have some longer ones as well, but a large chunk for me will mature before the year is up.

I can't believe I'm even thinking this, but for those of you who took advantage of the Navy Fed special (4.70 add on with 1 free withdrawal), it will mature around Oct to early Dec 2025, depending when you opened it, about a year or so after those great shorter 2023 specials mature.

Right now you can still get nice 12 month deals, but come Sept, Oct, Nov, Dec, who knows what will be available even for 12 months. Will that 4.7 APY from Navy turn out to be the best available? I only opened it up for insurance, will I actually wind up using it? Unlike Macu's add-ons the Navy special has no limit.

I hope there are still better things than than that Navy cd later this year, but if not, this is a reminder to those who opened one up, not to forget about it.

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milty
  |     |   1,689 posts since 2018
"All of this is speculation. There is so much turmoil in every factor affecting the economy that the variance is unpredictable." Look at that . . . there are some things we agree on. :-)

That said, I think those with larger liquid deposits should have a plan for locking in some longer-term gains and keep an eye on the news. The Fed appears to be on the fence about lowering rates this September, but a positive CPI report on August 14th may do it, and I think the odds of the Fed raising rates this year is zero.
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happyharold4
  |     |   390 posts since 2022
I decided, ( right or wrong ), to ladder out 15,18, 24, 36, 48 and 60 month cd's---My 48 and 60's are at 4.85 and 4.50 and I am fine with that---Have kept back amounts in HYS at 5.10, 5.16 and 5.25---My crystal ball is dormant---Actually this site and the input of those who post up have been better for me than trying on my own---Thanks guys/gals.
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me1004
  |     |   1,381 posts since 2010
What is so prepostrous about this is that the Fed says its target is 2% inflation, yet at the now 3.0% inflation, it can't wait to cut interest rates! A cut at 3% inflation will guarantee we will not get to 2% inflation.
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